PRICE STRUGGLING TO BREAK 2019 HIGH AND ALL TIME HIGH PRICE WILL RANGE A BIT
LIKELY TO RANGE FOR FEW DAYS,OVER ALL IN BUY DIRECTION ONLY
Please find the levels in the chart.
Sustain above 32425 it may test 32745-32800
Still, my Bank Nifty 32330-32400 target is pending. Maybe it will test this level tomorrow. I will avoid short positions and also both side Option writing is safe in a sideways zone not in a strong trend. Please find the supply and demand zone levels in the chart.
Bank Nifty is making a strong base @ 31900-32100 Hold above 31900 it will be the buy on dips and my target will be 32330-32400 t gram a t swapnilcofficial
Plan A: I will Buy BNF if it will sustain above 32080-32125 Plan B: I will Buy BNF if it will come to 31700 and it will sustain above this zone. tgram at swapnilcofficial
Bank Nifty: Uncommon Data Buildup Plan A: Fresh Buying Zone --- If it will sustain above 32120 for the target of 32260-32415. --- If it will come and sustain above 31675-31715 --- If it will come and sustain above 31520-31575 Plan B: Avoid Short Position. The buyer will use every minor and major dip for a long position. Very Strong Data Buildup on the positive...
Plan A: Buy If it will sustain above 31720. Plan B: Sustain below 31720 I will wait for the confirmation. tgram at swapnilcofficial
Expiry may come between 31200-31400 Plan A: Sell 31100 Put and 31500 Call tgram at swapnilcofficial
Sideways View on Bank Nifty Sell 30800 put and sell 31500 call Tgram at swapnilcofficial
The negative view on Bank Nifty Note: It will fill the gap zone: 30750-30850 for sure buy when is a ? Plan A: I already have a position in 30800 put writing and 31500 call writing. Plan B: Sell Fut when it will test 31500 for the downside targets of 31100-31000
Bank NIFTY: Detailed Data and Price Action Trading Plan Note: It will fill the gap zone: 30750-30850 for sure buy when is a ? Plan A: If it will not sustain above 31500, I will prefer to go short. Plan B: It will sustain above 31500. I will prefer to avoid one side trade. I will take a position in option writing because in this case, it will trade in the sideways zone.
This would be my outlook for Bank-nifty for the week
All things are mention on the chart Educational purposes. Non-advisory, discretionary.
wait for short,read the chart